As of right now I'm not looking to hold LKEN long until it reaches and fills my order of $0.0004 (I might change it to something a little higher depending on the reactions towards this stock). What I'm doing as of this very moment is just looking for a $0.0001 margin between my trades and make a $100 profit every few minutes (It's what I've been doing for the past week with this and two other stocks AP*X as well as Citigroup), the other two what I've been able to do was buy at the bid and minutes later sell at the ask, with Citi its been just seconds between my buy and sell, with this one however I couldn't sell at the ask in the two hour period that it was sitting at the price. I've been on a 1 week break for last week thus my ability to day trade this much, made a very large sum of money as well which almost covers my losses in this stock, and will not be able to continue this type of trading further on. However once I sell out with that $0.0001 margin on LKEN with the lack of my ability to swing trade this, I will not risk any investment until its somewhere in the 000s, could've bought yesterday, but initially I had an order at $0.0007 which I ended up cancelling cause I thought it would go lower.
I don't think I've said anything positive about this stock since the March 1st Rite Aid scam I found out about. And until this company does a R/S or increase the Authorized share amount which in my opinion they will have to, especially if they continue diluting to pay off debts (in this case it wouldn't make a difference if the 5% dividend was to non-restricted share holders only or to all), after that point, I believe I will once again be long and just wait for things to happen, until that point I'm negative.
Good Luck with your trades!
